Bitcoin Price Closes In On $67,000, Lifting Strategy And Other Crypto Stocks
Bitcoin‘s price jumped Tuesday to its highest in over one month, bringing crypto stocks like Bitcoin treasury’s Strategy with it. The Bitcoin price was recently priced at $66,886, up nearly 3% in 24 hours. Over the past seven days, the leading cryptocurrency has risen by close to 6%. Its rise comes as stocks also trade higher — despite tensions in the Middle East flaring up again. Nasdaq-listed Strategy (MSTR), formerly MicroStrategy, also jumped above $100 per share on Tuesday. The price jump comes even as the Bitcoin juggernaut on Monday revealed it did not make its usual crypto buy, instead reporting the sale of a $225 million in MSTR shares, which it used for its dollar reserve. Strategy stock plunged with the price of Bitcoin last year, and is currently well below its November 2024 peak of $473.83. The software company, which started buying Bitcoin in 2020 as an inflation hedge, holds at 843,775 BTC, a position worth around $56.2 billion at current prices. Other Nasdaq-listed crypto stocks, including Americas biggest crypto exchange, Coinbase (COIN) and Bitcoin miner Marathon Digital (MARA), also surged on Tuesday. COIN at the time of writing was up 11% and MARA was trading over 6% higher. Middle East flare up Bitcoins price has taken